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Search Results 0 to 49 of about 168 (some duplicates have been removed)
by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost ta
taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and people are picking through to see who was massacred there. their hands were tied behind their backs, and they were shot in the head. now, one more story about syria iran has jumped in the mix here, in aid to the ayatollah said syria plays a very key role in supporting or god forbid destabilizing the resistance front. for this reasons an attack on syria is considered an attack on iran and iran's allies. the reason why that is devastating is if there is any action taken in syria here we go. it's a much larger war. these are not good times in the middle east, and it is significant trouble, but also in egypt we have trouble there. we had a curfew imposed in three different cities by their leader mohammed morsi. here is mo
in the reagan administration, they had 7.1 gdp growth. so they had the right fiscal and tax and monetary policies to turn things around then. i think those same principles would work today. >> there are two issues on the table here. number 1, what is wrong with the economy and are the policies correcting it or leading us in the right direction isn't other is the immediate response by washington. some in washington to the very grim news. americans woke up to feel extreme pain, learning that the economy shrunk in the last quarter and the first thing they hear out of washington is with leader peuloseet and white house press secretary, blaming the republicans and even senator marco rubio was quick to release a statement, casting the blame right back on president obama. but there is no effort to -- let's jump into this and solve this problem together. instead, it's immediately start the blame. >> you are absolutely right. one of the things we have to look at, how do we get capital flowing in the united states economy so we have growth and expansion of our small businesses. we look at our corp
where republicans and democrats seem to agree that something needs to be done on tax issues or fiscal issues, where there has been an impasse for many years now. host: in terms of the principle, how detailed is the outline? are we talking about a bill taking shape or just a sketch at this point? caller: it is more of a sketch, the first step in trying to get an actual bill going. basically these are legislative goals that include four areas, one is a package, one is overhauling the existing system, another is establishing a way to ensure that there is less illegal hiring of workers, and another is to create a guest worker program. but those goals, we do not know how that will be achieved or worked out over the next few months. things are supposed to get going here as soon as next month. senator schumer and the other senators believe that they could have something by late spring, early summer. host: looking at "the san antonio news," we have this headline -- "upset republicans." what are you hearing about republicans getting things through? caller: house republicans do not seem to be o
. when i came into office the governor and general assembly without my support passed a large income tax increase here in the january of twe ven. the sad thing we're now two years into the income tax increase and they raised money and not respond to the problem. i think this year, this spring session of the general assembly it will finally come home to reality. not only downgrades, moody's, fitch and standard have eight watches, warnings or downgrades since the income tax increase has gone into effect. what comes next the fiscal year fourth four, natural revenue growth from illinois coming from sales tax, gaming without tax increases is $600 million. but the reality of the amount of increased payments into the public pension systems is $945 million. i think they will have to deal with this $345 million spread. reality is --. melissa: dan, i applaud your optimism you think this will finally be the come to jesus moment where they realize there is huge problem but i don't know that is necessarily the case because we see california going down the same road. seems like politicians almost neve
at keorpt business tax rate which is the highest in the world we need to turn that around so we can create opportunities and get people hired and start producing again. another thing we have to be concerned about with this anemic almost retrograde g.d.p. number, you have a federal government that spending 25% of our degrees domestic product and that is going to increase from 30-31% over the next eight to ten years. once again, we have to look at the spending that is being done up in washington, d.c. here in january you see with the payroll tax cut that was taken from 4.2%, went back to 6.2%. you have a lot of people seeing that missing revenue in their state checks. you have eight new taxes from the affordable care act. >> greta: if i were a member of congress, i would hope the president or the white house press secretary, i would hope that if i woke up and saw a shrinking economy, i would think to myself, what am i doing wrong? i'm a political leader. i'm a member of congress or whatever. what is it that i am doing wrong. i would hope that my first thought would fire off a statement, sayi
of other californians about to do it as well? is your sounds like it, new california state tax hikes sending some residents fleeing california. so where will they go? nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta: what would be the reason, folks from deeper into the state away from nevada, but if you live on the border of california, unless you're really wedded to your house, why not move the mile into nevada and save yourself 13.3%? >> absolutely. absolutely. >> when does it make sense? suppose i have a business in california and i'm thinking of selling my business, should i move to inform nenevada before it or stuck paying the taxes no matter what. >> depends on t
solutions. arrive from texas, no more reform, no more income tax, flat, or otherwise. passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local store called fresh market has a weekly special, gallons of milk for $2.99 each and every tuesday. not anymore. the state is worried such deals to drive competitors out of business. isn't that what free-market are about? if they want to compete, lower prices. if not, what consumers walk up the door. that's my "2 cents more." it's obvious. coming in tomorrow, president obama's says deficit reduction is not a goal unto itself. shouldn't it be? of every action. that's it for tonight on "the willis report." thank you for joini
. >> they have to pay back taxes have a noncriminal record and learn english and understand and study our history. they have to get in line behind everyone else. they will be granted legal status but they have to get behind everyone else who has waited legally to get green card status. >> some conservatives are expressing concerns with the plan. ted cruz says allowing immigrants who came to the united states illegally is inconsistent with rule of law and not fair to immigrants who came here legally. >> kelly wright live. thank you. this morning we are hearing from florida senator marco rubio. rubio sitting down with sean hannity to discuss the senate proposal we told you about yesterday and discussing what he thinks are the necessary steps in the immigration process. there must be enforcement measures before a green card. >> i think it's a good time to remind people the vast majority of con sefb tives favor legal immigration. we don't have a little immigration that works right now. illegal immigration undermine illegal immigration. he we understand we have to deal with this. we have 11 million pe
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our future and
're worried about tax reform. jobs and unemployment. this is catapulted to the front of the line. why now do you think? >> well, big items like this. and this is a big one. need to be done early in a session. even with an issue like this that favors republicans, people get skittish so, i think, if you're going to move something this big, you've got to start early. >> can i -- can i barely call this? as i really want to because i think you're in the right direction. can i say that if done properly and orderly way, this is pro-growth, this is pro-growth, those immigrants come here to work and they'll help us. could it be sold as a pro-growth measure? >> you bet, you bet it can. just on the regular immigration reform that people think about. that's pro-growth, but what you mentioned, few people realize is part of this. on the high-tech side, we have american companies that are having a whale of a time finding enough americans to fill positions in the so-called stem fields. and this would deal with that issue and it would allow individuals who are educated in our universities receiving masters a
, then that voting bloc isn't going to listen to you on education, on taxes, on any of this stuff. that's what's going on. >> so that's the issue. >> what do democrats get out of it? why are they pushing it? >> hispanics have been demanding something on this, and at some point -- >> but do they want the teeth, the tough requirements of worker verification? do they want the tough part of the bill? >> i think -- yes, because if you actually go to places like arizona and new mexico, and i have seen surveys of hispanic-americans, hispanic-american citizens who say second, third, fourth generation, saying i did it legally. these folks should have to do it legally. i think that there is a -- >> i just don't hear that from the latino groups. >> no, they -- >> i don't hear the interest groups pushing for real teeth. let's take a look at the president today. >> the interest groups aren't. i'm talking about rank and file hispanic-americans. >> that's positive. let's look at what he had to say. he came out for what he calls comprehensive immigration reform. it was at a speech in las vegas. he said the bi
from taking this legislative tax out of this five-page document into a detailed legislative proposal. they're. there are going to be a number of -- this bill could be several hundred pages long and we are talking about a very sweeping change not just in the legal immigration system but as well as how you deal with the 11 million illegal immigrants. how they do that in the hurdles that remain will be interesting to see how much they detail that. >> you point out in one of your stories at the vigorous debate on this since -- >> and we remember what happened then. this blew up in the senate after big push by the bush administration and a bipartisan coalition trying to get this through with opposition from both sides and of course creating amnesty but we have seen some of those going through muted in the initial days and we will see what happens when the legislative process continues. >> the gang of eight for four republicans and four democrats have put together work of an immigration bill and immigration principles. how do we find out that the gang exists? >> one of our reporters was th
they're living, pay a fine as well as back taxes for several years. presumably that's money that someone working below the wage off the books might not have handy. i don't now when they'll be able to start to implement a plan like this. >> they're looking at $10,000 in fees. that for some in the immigrant families in the agriculture sector that represents over 25% of their annual income. unreachable for many families. but you add language requirements. you add proof of employment requirements, and each of these requirements according to a respected migration policy institute will leave out 36 million undocumented immigrants. you talk about this threshold citizenship for 11 million, but then you look at the details and the devil is in the details. you leave out another chunk of several million, it's very concerning to us. we want to have an honest debate that puts out the facts and is honest with the american population about who is really becoming legalized. >> john: i want to bring in george zornok. buzzfeed reported that the house is working on it's only illegal immigratio
taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. >> and i'll have commentary on that in a moment. i'm not all on board with it. it sounds good, but the path to earn citizenship has a lot of supporters in congress. in fact, it's the same path outlined by the group of senators. president obama's plan has a few more specifics. the path to citizenship is not contingent on meeting security triggers like additional border security and unmanned drones. it calls for improvements to immigration courts. and it requires the same visa rights for same-sex couples as everyone else. now, these minor differences cause some grandstanding from republican senator marco rubio out of florida today. rubio intends to make this issue political. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest, and cheapest pathway to greencard possible, this thing is not going to go well, folks. >> of course there is really only one place for republicans to go when they want t
interviewed by the press. >>> wednesday, tax season officially begins, ugh. the irs begins processing individual income tax returns, 1040 forms. other forms can be filed in late february or early march. new tax laws force the irs to update their systems and delay filing season this year. >>> on thursday senate confirmation hearings begin for defense secretary chuck hagel. he has secured support from several key senators but he's expected to face tough questioning from some republican opponents. and friday is expected to be hillary clinton's last day as secretary of state. the exact timing of her departure depends on hearings for john kerry who president obama tapped to replace her. that will do it for me. cnn newsroom continues right now with don lemon. have a great week. >>> hello, everyone. top of the hour. i'm don lemon. thank you so much for joining us. survivors of a nightclub fire in brazil are describing a nightmare scene. bodies all over the ground. firefighters trying to smash down the walls. terrified people being trampled. so many people dead. this nightclub was way overcro
be making a bigger case about taxes, spending, shoot for the mountains and not get dragged down on what he says is clearly democrats and the president's turf. >> we have to focus, steve, i believe republicans -- i've said it time and time again -- on taxes. on cutting spending. on saving entitlements. on saving america from this crushing national debt. it grew $6 trillion under barack obama over the past term. and try to avoid some of these other issues. but i hear bobby jindal's new federalism on crack talking about cutting federal employees by three-quarters, et cetera, et cetera. that ain't going to happen. with the changing demographics and where america is and where it's going over the next 20 every 30 years. >> that's the issue. if you separate it, i think the first part not being the stupid party anymore is sort of a no-brainer. why would you go around insulting important interest groups. >> women. >> yeah, the 47%, all that stuff. but then you get to his policy proposals, and i don't think he's in the mainstream of this country when you talk about 25% of the government buildings, c
from a federal perspective is that this takeover is subsidized through tax credits that or just extended by the fiscal cliff bill, which allows investors to come into our inner-city neighborhoods and build expensive buildings, turned over and lease them to a charter boards and high rates, so charters don't have sufficient funding to even operator schools as far as operating expenses such as teachers and books and so on. i'm concerned about proliferation of charter's and what this has done to destroy neighborhoods. host: here's a comment -- coming up next, we will talk more about immigration policy. what the president had to say yesterday and what a bipartisan group of senators announced earlier this week. argos -- our guest is carlos gutierrez, now working on immigration issues as well as other things in his portfolio. later on, paul krugman, a columnist, gave us a visit. we will be right back. [video clip] >> one cannot count the times that americans say that we are the best country in the world. what a marvelously stupid thing to say. of all the countries in the world. everybo
outspoken international president. got a piece up on "huffington post" this morning about taxes and the aversion to paying taxes among americans. i'm talking about the one and only leo gerard. the united steelworkers. north america's largest industrial union representing over 1.2 million active and retired members. we find out more about their good work at their web site, usw.org. we recommend keeping up to date on what's going on here in our nation's capital and around the country on the big issues of the day. market book bookmark it, thinkprogress.com. igor volsky is here with us every tuesday morning. >> thank you. in fact, if you make it your home page, you can go there automatically every day. >> bill: make it your home page. >> everyone who listens or watches this show, their home page is billpressshow.com already. >> stick them in safari. >> bill: there it is. so igor, it looks like immigration reform may actually happen this year, right? >> there may be some momentum and the reason is republicans want to win elections. they say that quite blatantly reason number one is w
with the government including fines and back taxes, under go a criminal background check and learn english and american civics. members of this group of eight is senator marco rubio of florida. he's a key voice in getting conservatives to sign off on an amnesty plan. >> we have to be sure not to encourage people to come here illegally in the future. by the same token, we are dealing with 11 million human beings who are here undocumented. the majority of whom who recognize it as the american dream. let me say on both sides of this issue, there are legitimate points to be raised. there are people concerned about how much this is going to cost the american economy. we have to be frank of dealing with that. we owe $16 trillion. >> there's a small majority of americans, 51% support a plan that allows undocumented workers to stay and apply for citizenship. they hope to vote in march. jim is joining us. good morning. >> how are you? >> the senate is all in on this one. this is a big comprehensive plan. >> it is. i think it is significant. chuck schumer was saying you have mccain and rubio up ther
. you work for us. charles: there was a key sentence in there. the increase of the payroll tax is undoubtedly lowering consumer stuart: okay. charles: this number that came out was the lowest number since november alone. connell: the president in las vegas. he is talking immigration. republicans mean time looking for direction and also looking for a new leader. we will hear why it may not be any of the usual suspects. the uprising in egypt is getting worse as well. that could be trouble for u.s. investors. the governor of texas wants to give money back. unused tax money. rick perry. talking about all those issues, plus housing with robert shiller and much more on "markets now". nicole: we have you covered here on the fox business network. we are taking a look at a market pushing the five-year highs. getting closer and closer to dow 14,000. majority of the traders think we will hit that they share. the question is whether or not we take a breather on the way up there. the nasdaq composite pulling back a little bit. the majority of dow components are in the green. it is pretty go
a background check and pay a fine and back taxes before gaining legal status in the united states. all that is contingent on securing borders. the proposal provides for increased use of drones, more personnel and improved infrastructure and it would create an employment verification system and improve the process for admitting needed workers. cnn chief congressional correspondent dana bash and cnn chief white house correspondent jessica yellin are working the story. dana, the tone was pretty optimistic up on capitol hill today. >> it sure was but, you know, we have seen this movie before, you and i, wolf, and a lot of other people watching this issue go kind of up and down with the partisan wins. but this is something that is different this time. because of something very simple. and that is what happened in the last election to republicans. particularly mitt romney with the latino voters. he lost big time. and that's why when i asked senator mccain and others who were standing right here where i'm standing, half a dozen years ago, why this is different, that's why they answered that w
Search Results 0 to 49 of about 168 (some duplicates have been removed)